Pursuant to Reg 32 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2014 read with regulation 41 of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, please find herewith Monitoring Agency Report for the quarter ended March 31, 2025 issued by CRISIL Ratings Limited, the Monitoring Agency appointed in respect of utilisation of proceeds of IPO of the Company.